How much money does the district have in reserves?
The total District 41 fund balance per the 6/30/2016 Comprehensive Annual Financial Statement is $14,866,662. The fund balance is divided between restricted and unrestricted funds. Of the $14,866,662 in fund balance, $2,818,340 is restricted, which is used to pay for the district's IMRF, Social Security and debt obligations. The remaining $12,048,322 is the unrestricted fund balance. The unreserved fund balance as of June 30 of each fiscal year on a fully accrued basis (Education, Tort, Working Cash, Operations and Maintenance and Transportation) shall be maintained at 25% of operating expenses in order to continue to provide the community with uninterrupted programs or services.
What is the impact of my taxes if the community does support and what is the impact of my taxes if the community does not support the referendum?
In both cases, taxes will go down for the Glen Ellyn School District 41 portion of your tax bill.
In 2018, the District will pay off bonds that funded past building projects. This reduction of debt payments gives the community an opportunity to invest the $24.2 million to address some facilities needs at our schools and have a tax decrease over the taxes paid in 2016. For example: If a community member pays $8,000 in 2016, the District 41 debt portion of their tax bill would decrease by approximately $85.
If the referendum
pass, for a community member who pays $8,000 in 2016, the District 41 debt portion of their tax bill would decrease by approximately $199 on the District 41 debt portion of their tax bill.
Note: This information is based off of the average tax bill of the five communities District 41 serves (Carol Stream, Glendale Heights, Glen Ellyn, Lombard, Wheaton).
What is the Health/Life Safety Report?
The State of Illinois requires school districts to conduct a 10- year Life Safety review. District 41 went through the process in 2016. The report results have increased the urgency to address
specific facility needs
within a five-year time period. Projects include major roofing replacements, heating/cooling systems, etc.
For more information about the referendum, go to
and/or attend one of the following
Facilities Information Sessions
held at 7p.m., Hadley Junior High School (tours will be available):
Wednesday, February 22
Monday, February 27
Tuesday, March 7
The sessions are open to all residents in the District 41 boundaries.